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20121201
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for broad conversation. so with that let me know who is here with us the chief staff to governor bob macdonald and from the state of oklahoma where she is the chief of staff to governor mario and at the end, roxanne white joining us from the great state of colorado where she is the chief of staff to governor john hickenlooper. they are all professionals in their career. i'm going to ask roxanne to start and then we will come down this way. >> thank you for the report. it provides a good framework for all of us to continue to look at the challenges facing us. we have been engaged in pension reform and colorado. our pension is about 69% solvent. we did a major reform in the last administration and we are now in court trying to defend that reform. our pension costs by 2020 will go to 22%, and so to give you a sense of how far they were beyond the state if the battle was whether or not the state has a right to ratchet down the cola for our state employees that we could see the need to go to 25% compensation by 2020, so it's very important that we are able to give you the litigation in terms
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